Kasai Kogyo confirms no significant damage to its operations by cyber attack at U.S. subsidiary Kasai Kogyo announced on March 12 that its U.S. subsidiary had been hit by a cyber-attack. As of the same day, there is no significant impact on its operations, according to the company. On March 11 (Japan time), the company detected unauthorized access to the server of its U.S. subsidiary, Kasai North America Inc. (Kasai North America). In response, t...

News  Updated at: 2026/03/13

Kasai Kogyo raises full-year forecast, to return to net profit for first time in 7 years on improved North America earnings and plant closures On February 16, Kasai Kogyo Co., Ltd. (Kasai Kogyo) revised its financial forecasts for the fiscal year ending March 2026 upward, saying that it expects to finish in black for the first time in seven years. The upgrade reflects improved profitability centered on North America and reduced costs tied to busi...

News  Updated at: 2026/02/17

Kasai Kogyo to close Thai Pinthong automotive interior parts plant by December 2026 Kasai Kogyo Co., Ltd. (Kasai Kogyo) announced on January 30 that it will close the plant of its consolidated subsidiary in Thailand. The company aims to enhance profitability by consolidating production. The Thai Pinthong plant, which manufactures automotive interior parts, will be closed by December 2026. Kasai Kogyo will continue supplying products by relocating...

News  Updated at: 2026/02/02

Kasai Kogyo Japan to close Tatebayashi Satellite Plant by March 2027 as part of structural reforms Kasai Kogyo Co., Ltd. (Kasai Kogyo) announced on January 8 that, Kasai Kogyo Japan Co., Ltd. (Samukawa Town, Kanagawa Prefecture), its wholly owned subsidiary, will close its Tatebayashi Satellite Plant (Meiwa Town, Gunma Prefecture) by March 2027. The company decided the closure at its board of directors meeting held on the same day, as part of its...

News  Updated at: 2026/01/09

Kasai Kogyo to generate profits in FY 2028 Kasai Kogyo Co., Ltd. (Kasai Kogyo) will strive for a comeback by expanding dealings with OEMs in North America. The company will expand orders received from the Big Three OEMs, such as General Motors Company and Ford Motor Company, while reducing new investments, in the expectation that these efforts will contribute to its revenue in and after fiscal year 2028 (ending in March 2029). The interior parts ...

News  Updated at: 2025/11/26

Kasai Kogyo files annual securities report, avoiding being delisted Kasai Kogyo Co., Ltd. (Kasai Kogyo) submitted its annual securities report and internal control report for the fiscal year ended March 31, 2025, to the Kanto Local Finance Bureau on October 8. The company narrowly avoided the likely outcome of being delisted. Kasai Kogyo was granted an extension of the filing deadline for its annual securities report from June 30 to September 26 ...

News  Updated at: 2025/10/09

poration (Yorozu) a loss of JPY 13.4 billion, and Alpha Corporation (Alpha) a loss of JPY 0.3 billion. Piolax Inc. (Piolax) also saw a decline in profit. During this fiscal year, Unipres, Yorozu, and Alpha expect to return to profitability, while Faltec Co., Ltd. (Faltec) predicts a profit decline. Kasai Kogyo Co., Ltd. has postponed the disclosure primarily due to a delay in its accounting work. Alpha, which expects to return to profitability de...

News  Updated at: 2025/05/23

Kasai Kogyo to reform business structure and strengthen North American business Kasai Kogyo Co., Ltd. (Kasai Kogyo) will start structural reforms to revamp its business performance. In North America, where it has experienced significant losses, the company plans to radically reform its business, including relocation and closure of businesses, and relocate its staff to create new businesses and display growth again. The company aims to increase pr...

News  Updated at: 2025/05/01

Kasai Kogyo to transfer all shares of German subsidiary Kasai Kogyo Co., Ltd. (Kasai Kogyo) announced that it will divest all shares in its consolidated subsidiary in Germany, Kasai (Germany) GmbH (KGE). KGE was established in 2019 as a wholly-owned subsidiary of Kasai Kogyo for the purpose of expanding its European business. It has been conducting manufacturing and sales of automotive interior components. However, with the changes to the busines...

News  Updated at: 2025/03/28

Kasai Kogyo develops new analysis method for appearance defects of automotive plastic interior parts Kasai Kogyo Co., Ltd. (Kasai Kogyo) has developed a new method that analyzes the mechanism that causes appearance defects of automotive plastic interior parts. The new method can be applied to various defects generated in forming processes. Kasai Kogyo assumed that defects are caused by the sliding of formed products when they harden and shrink in...

News  Updated at: 2025/03/11

Nissan completes investment in Kasai Kogyo On November 1, Nissan Motor Co., Ltd. announced that it has completed all necessary procedures, including approval by Kasai Kogyo’s ordinary general shareholders meeting, completion of regulatory approvals, and other necessary processes for the investment in Kasai Kogyo Co., Ltd. announced onMay 9, 2024, and has acquired newly issued Class A preferred shares of Kasai Kogyo. Based on Nissan’s press re...

News  Updated at: 2024/11/06

ear 2024). Two of them reported a revenue decrease, and six companies reported an operating income decrease (four of which had an operating loss). The financial results were affected by Nissan’s reduced global production. The most affected was their Chinese business. ALPHA Corporation (ALPHA) and Kasai Kogyo Co., Ltd. posted a loss in their Asian business including China. The seven parts suppliers are hasting to improve profitability, expecting...

News  Updated at: 2024/08/22

Kasai Kogyo to launch material recycled from automotive head lining leftovers in 2027 Kasai Kogyo Co., Ltd. (Kasai Kogyo) plans to launch a material recycled from automotive head lining (roof trim) leftovers around 2027. The company has achieved 1.5 times or higher strength compared to normal polypropylene (PP) by pulverizing multiple materials such as glass fibers. Kasai Kogyo will start volume production at its Ota Plant (Ota City, Gunma Prefec...

News  Updated at: 2024/07/09

Kasai Kogyo to receive JPY 6 billion from Nissan for structural reforms Kasai Kogyo Co. Ltd. (Kasai Kogyo) announced that it will receive an investment of JPY 6 billion from Nissan Motor Co., Ltd. (Nissan). The companies concluded an investment agreement under which Nissan will underwrite Class A preferred shares to be issued by Kasai Kogyo through a third-party allotment. The invested JPY 6 billion will be allocated to structural reform expenses...

News  Updated at: 2024/05/10

Kasai Kogyo high-performance heat insulator adopted in Isuzu ELF Kasai Kogyo Co., Ltd. (Kasai Kogyo) announced that its newly developed high-performance insulator was adopted in the Isuzu ELF. Compared to its conventional products, the heat insulation and the sound absorption performances have been improved by about 110% and up to 120% respectively. Additionally, it achieves up to 105% sound insulation performance under in-vehicle conditions. The...

News  Updated at: 2023/10/24

Kasai Kogyo to supply door trims using new high-foam molding for Toyota Alphard and Vellfire Kasai Kogyo Co., Ltd. (Kasai Kogyo) announced that it has succeeded in developing what it refers to as “Thin Initial Thickness and Highly Foam Injection Molding”. This technology reduces the amount of resin used and maintains product performance contributing to a reduction in vehicle weight and CO2 emissions. The front door trims and slide door trims ...

News  Updated at: 2023/09/07

Kasai Kogyo proprietary composite molding material receives award in sustainable category Kasai Kogyo Co., Ltd. (Kasai Kogyo) announced that it has received an Honorable Mention in the ALTAIR ENLIGHTEN AWARD 2023 Sustainable Processes category, sponsored by the Center for Automotive Research (CAR) and ALTAIR. The award was given for Kasai-Hi Papia (KHP), which is an original resource-saving technology and adopted in the automotive industry, for i...

News  Updated at: 2023/08/10

Kasai Kogyo to transfer U.S. Madison Plant and conclude leaseback agreement for flexible production Kasai Kogyo Co., Ltd. (Kasai Kogyo) announced that Kasai North America, Inc. (Kasai NA), a subsidiary in the U.S., will transfer ownership of its Madison Plant in the state of Mississippi. After the transfer, it will conclude a leaseback agreement and continue production. The transferee and transfer price are not disclosed. This is a countermeasure...

News  Updated at: 2022/08/04

Kasai Kogyo to establish sustainable supply chain by strengthening ties with suppliers Kasai Kogyo Co., Ltd. (Kasai Kogyo) will establish a medium- and long-term partnership by selecting certain suppliers for each component. The company will review its existing cost-oriented criteria by which it selects suppliers by getting quotations from multiple companies. Kasai Kogyo will establish new criteria that cover all areas such as resin and other raw...

News  Updated at: 2022/03/17

Kasai Kogyo to optimize global production capacity Kasai Kogyo Co., Ltd. (Kasai Kogyo) will step up efforts to consider optimizing its global production capacity. In the U.S., it will close its Madison Plant in Mississippi and transfer functions at the plant to its Manchester Plant in Tennessee. The company will also consider closing around three plants in Japan and taking over operations at its plant in Germany. Nissan Motor Co., Ltd. and Honda ...

News  Updated at: 2022/02/28